T. Rowe Price Group, IncNasdaq: TROW
Financials · Asset Management & Custody Banks
$110.69
+8.57%
Vol: 218K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14T. Rowe Price posted $3.3 billion of May net inflows and trades ex-dividend June 15 on its $1.30 quarterly payout, though analysts remain cautious.Mixed▶
T. Rowe Price reported assets under management of $1.89 trillion as of May 31, 2026, with $3.3 billion of net inflows in May driven largely by a large defined contribution target-date inflow — a reversal from the $3.2 billion of outflows seen in March. The stock trades ex-dividend on June 15, 2026 for its $1.30 quarterly cash dividend. The firm continues pushing new product initiatives, including a guaranteed lifetime-income collaboration with Transamerica and TIAA and a planned crypto ETF. Shares have outperformed peers with a roughly 22% 90-day return. The bear case is that despite improving flows, sell-side sentiment remains skeptical, with a consensus near Moderate Sell; Morgan Stanley cut its target to $105 from $107 on structural fee and active-management pressure, even as Evercore ISI nudged its target up to $111 from $106.
May 21T. Rowe Price elevates Eric Veiel to President in major leadership reshuffleMixed▶
On May 18, 2026, T. Rowe Price announced Eric Veiel (head of Global Investments) will become president effective June 1, with Sebastien Page becoming co-head of Global Investments and CIO, and Wyatt Lee taking over Global Multi-Asset on October 1. Rob Sharps remains chair and CEO. April month-end AUM reached $1.83 trillion but April net outflows were $10.6 billion driven by a few large redemptions. Board declared $1.30 quarterly dividend payable June 29. Q1 revenue grew 4.8% y/y to $1.86B (just below estimates) but non-GAAP EPS of $2.52 was 7.4% above consensus. Despite 30-day stock return of 18.81%, analyst consensus is Sell with $99.73 PT. Risk: persistent outflows in active management franchise remain a structural concern.
May 20T. Rowe Price names Eric Veiel President and CIO as April AUM hits $1.83T amid $10.6B outflows.Mixed▶
On May 15, 2026, T. Rowe Price appointed Eric L. Veiel as President, Co-Head of Global Investments, and Chief Investment Officer, effective immediately; CEO Rob Sharps remains in his role. The firm reported April AUM of $1.83 trillion with $10.6 billion of net outflows driven by several large redemptions. At the May 7 annual meeting, shareholders re-elected directors, approved executive pay, and ratified KPMG as auditor. Q1 2026 revenue was $1.9B with basic EPS of $2.23. Sentiment is mixed: leadership upgrade and governance stability offset by continued outflow pressure.
May 19T. Rowe Price named Eric Veiel President effective June 1, 2026 in a leadership reshuffle, while Morgan Stanley and JPMorgan trimmed price targets.Mixed▶
On May 18, 2026, T. Rowe Price announced Eric Veiel will become president effective June 1, 2026, with Sébastien Page becoming co-head of Global Investments and CIO, while CEO Rob Sharps continues as chair and CEO; the board also declared a $1.30 quarterly dividend payable June 29, 2026. The leadership reshuffle aims to advance enterprise strategy and accelerate innovation. On May 12, 2026, the firm reported April AUM reached $1.83 trillion but disclosed net outflows during the month, underscoring ongoing pressure from active-equity redemptions. Morgan Stanley cut its price target to $105 from $107 (Equal Weight) and JPMorgan lowered its target to $103 from $106 (Underweight). The ETF business is a bright spot at over $25 billion in assets across about 32 ETFs, but the risk is persistent net outflows and active-mandate flight to passives weighing on management fees.
May 18T. Rowe Price reports April AUM of $1.83 trillion with $10.6B in net outflows; ETF franchise tops $25 billionMixed▶
T. Rowe Price disclosed April 2026 month-end AUM of $1.83 trillion on May 12, 2026, reporting net outflows of $10.6 billion driven by a few large redemptions. Firm-wide net outflows reached $13.7 billion including equity and mutual fund redemptions, though Target Date Franchise pulled in $4.9 billion and ETF inflows hit $2.8 billion, pushing total ETF AUM above $25 billion across 32 ETFs. At the May 7 annual meeting, shareholders approved all 13 directors, executive compensation, and KPMG as auditor. The company also marked its 40th consecutive annual dividend increase to $1.30 per share. According to 10 analysts, TROW carries a Sell consensus rating as of May 7, 2026.
May 15T. Rowe Price reported April month-end AUM of $1.83 trillion with $10.6 billion in net outflows driven by large redemptions, even as ETF franchise crossed $25 billion in AUM.Mixed▶
On May 12, 2026, T. Rowe Price disclosed April month-end AUM of $1.83 trillion, reflecting $10.6 billion in net outflows tied to a few large redemptions. At the May 7 annual meeting, shareholders approved all 13 director nominees, executive compensation, and KPMG as auditor, while the company highlighted its ETF franchise crossing $25 billion in AUM across 32 ETFs with plans to launch ETFs in Europe. The board also declared a $1.30 quarterly dividend payable June 29. Risk: persistent outflows in core equity products could continue to pressure organic growth, though margins remain stable and Q1 adjusted EPS rose 13% YoY on $1.71 trillion AUM. The alternatives push and ETF expansion are key offsets.
May 14T. Rowe Price reports April AUM of $1.83T on May 12 with 40th consecutive dividend hike to $1.30, but Q1 saw $13.7B net outflowsMixed▶
On May 12, 2026, TROW disclosed AUM reached $1.83 trillion at end of April and declared a $1.30 quarterly dividend (40th consecutive annual increase), payable June 29. Q1 2026 adjusted EPS of $2.52 beat consensus by 7.4% though revenue of $1.86B missed; net firm-wide outflows totaled $13.7B amid continued equity/mutual fund redemptions. ETF AUM surpassed $25B (32 ETFs) and Target Date franchise drew $4.9B inflows, partially offsetting active outflows. Multiple analysts raised price targets in early May (KBW to $107, Deutsche Bank to $99). Risk: persistent active equity outflows and 10 sell-rated analysts cap upside.
May 13T. Rowe Price shareholders re-elected all directors at May 7 annual meeting with ETF assets topping $25 billion, marking momentum despite $13.7B in net Q1 outflows.Mixed▶
At the May 7, 2026 annual meeting, T. Rowe Price shareholders re-elected all directors with approximately 83% of shares represented. The company highlighted that its ETF franchise has topped $25 billion in assets with 32 ETFs in market. Q1 2026 adjusted EPS was $2.52, up 13% YoY, though the firm continued to face equity and mutual fund outflows totaling $13.7B. The Board declared a $1.30 quarterly dividend payable June 29, marking the 40th consecutive annual dividend increase. Analyst consensus remains a Sell with 10 analysts and a price target near $98.70.
May 12T. Rowe Price annual meeting May 7 affirmed all 13 directors; TD Cowen raised PT to $94 from $93 and Evercore to $104 from $96 after Q1 adjusted EPS of $2.52 (+13% YoY).Positive▶
T. Rowe Price held its annual stockholder meeting on May 7, 2026, with shareholders voting on 13 director nominees, executive compensation, and KPMG as auditor. Q1 2026 adjusted EPS of $2.52 rose 13% YoY and 3% sequentially, with the firm marking its 40th consecutive annual dividend increase to $1.30/share. The ETF business surpassed $25B in AUM, though net firm-wide outflows of $13.7B continued. TD Cowen raised PT to $94 from $93 and Evercore raised to $104 from $96. Shares are up 15.5% over 30 days and 21.7% over the past year, trading at a P/E of 10.91x.
May 11T. Rowe Price shareholders back board as ETF AUM tops $25B but firmwide outflows persist at $13.7B in Q1Mixed▶
TROW shareholders on May 10 approved all proposals at the annual meeting, electing 13 directors and ratifying KPMG, while ETF AUM crossed $25B across 32 ETFs. Q1 2026 adjusted EPS of $2.52 beat consensus by 7.4%, up 13% YoY, and revenue rose 4.8% to $1.86B but missed estimates. Total AUM ended at $1.71T but net firmwide outflows reached $13.7B as equity mutual fund outflows persisted. The 40th consecutive annual dividend hike to $1.30 was declared. Amazon also bought a T. Rowe office building for $15.2M. Fee compression and outflows continue to challenge the active manager.
May 8T. Rowe Price declares $1.30 quarterly dividend; Q1 EPS of $2.52 beats estimate of $2.36 with 13% YoY growth.Mixed▶
T. Rowe Price Group Board declared a quarterly dividend of $1.30 per share payable June 29, 2026, to shareholders of record June 15, 2026. Q1 2026 adjusted EPS of $2.52 exceeded analyst expectations of $2.36, representing a 13% increase versus prior year. Company manages $1.71 trillion in client assets as of March 31, 2026, with about two-thirds retirement-related. Revenues of $1.86 billion slightly missed the anticipated $1.87 billion. Mixed analyst sentiment with average rating of Sell among 11 analysts, with 12-month price target of $99.73 representing -3.73% from latest price.
May 7T. Rowe Price reports Q1 2026 adjusted EPS up 13% YoY with $1.71 trillion AUM and expanded alternatives partnerships.Mixed▶
T. Rowe Price Group reported first quarter 2026 results with adjusted EPS rising 13% year-over-year to $2.23 basic EPS, revenue of $1.9 billion, and AUM of $1.71 trillion as of March 31, 2026. The company expanded its alternatives push through partnerships with Oak Hill Advisors and Goldman Sachs, launching new ETFs in Europe and interval funds. Despite strong margins, Q1 showed net outflows and revenue slightly missed forecasts. Analysts have a mixed outlook with an average Sell rating and 12-month price target of $99.73.
May 6T. Rowe Price beats Q1 EPS with $2.52 vs $2.36 forecast; strategic ETF expansion continuesMixed▶
T. Rowe Price reported Q1 2026 adjusted EPS of $2.52 (vs $2.36 forecast), up 13% YoY, with revenue of $1.86 billion and net income of $498.2 million. Despite revenue/AUM missing expectations, earnings beat on solid margins. Strategic expansion into alternatives and outcomes-based solutions accelerated through partnerships: J.P. Morgan 55ip collaboration for tax-smart portfolios, Goldman Sachs for ETF launches in Europe and interval funds. Assets under management reached $1.71 trillion as of March 31, 2026. Stock up 2.94% post-announcement. However, 11 analysts rate stock 'Sell' with $99.73 average target (-5.28% downside). Key challenge remains fee compression and net outflows.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| TROWT | $110.69 | +8.57% | -0.4% | 10.6x | 1.53 | $21.8B |
| BLKBLACKROCK | $1,048.01 | -1.48% | -2.0% | 17.5x | 1.46 | $165.1B |
| BXBLACKSTONE | $127.78 | +7.77% | +1.3% | 15.7x | 1.63 | $144.9B |
| BKBANK | $137.16 | +0.00% | +0.4% | 14.2x | 1.07 | $94.1B |
| KKRKKR | $99.74 | +5.26% | -1.3% | 12.8x | 1.85 | $88.4B |
| APOAPOLLO | $138.79 | +6.03% | -2.4% | 12.3x | 1.52 | $75.5B |
Key Fundamentals
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Moving Averages
Price above both MAs — bullish structure.